About Dairy Enzymes
Dairy enzymes are naturally-occurring proteins used to alter the speed of biochemical reactions. The main function of these enzymes is to enhance texture, shelf life, and digestibility of food products. They are used in the technological function in the processing, preparation, treatment, and manufacturing of a wide range of foods products. Increasing demand from the food and beverage industry for processed food and the growing popularity of lactose-free dairy products owing to their health benefits dairy enzyme market is expected to drive over the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 7.62% |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Clear ice makers Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Dairy Enzymes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DowDuPont (United States), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Novozymes (Denmark), Advanced Enzymes Technologies (India), Amano Enzymes (Japan), Fytozimus Biotech (Canada), SternEnzym (Germany), Dyadic International Inc. (United States), Biocatalysts (United Kingdom) and Connell Bros (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AB Enzymes GMBH (Germany), Enmex (Mexico) and Biocon (India).
Segmentation Overview
AMA Research has segmented the market of Global Dairy Enzymes market by , Application (Milk, Cheese, Ice cream & desserts, Yogurt, Whey, Infant formula and Others) and Region.
On the basis of geography, the market of Dairy Enzymes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Types , the sub-segment i.e. Lactase will boost the Dairy Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant will boost the Dairy Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Low-Lactose and Lactose-Free Dairy Products and Growing Demand for Processed Food
Market Growth Drivers:
Increasing Consumption of Dairy Products, Growing Nutraceutical Food Product Industry and Rising Awareness about Healthy and Nutritional Food
Challenges:
Allergies May Occur Due to Dairy Enzymes and Maintaining PH Operational Range for Dairy Enzymes
Restraints:
Safety and Regulatory Guideline for the Usage of Dairy Enzyme and High Cost Associated With Production of Dairy Enzymes
Opportunities:
Emphasizing On Energy Saving and Waste Reduction in Food Processing and Technological Advancement in Enzymatic Food Processing
Market Leaders and their expansionary development strategies
In September 2021, Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living had acquired the First Choice Ingredients, a leading supplier of dairy-based savory flavorings. In this acquisition DSM can further accelerate the growth of First Choice Ingredients by offering their products outside the US to DSM’s broad global customer base and integrating their solutions in DSM’s full offering for F&B customers.
In May 2023, Dsm-firmenich, innovators in nutrition, health and beauty today launch Maxilact®Next – the latest addition to its highly-valued range of Maxilact® lactase enzymes.
Key Target Audience
Raw material suppliers, Dairy enzyme manufacturers/suppliers, importers, and exporters, Intermediary suppliers, Consumers/End-user industries, Research Institute, Potential investors, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.